Building Societies Act, 1989

Transfer of functions to Central Bank.

125.—(1) From the commencement of this section, proceedings in relation to building societies pending before the Registrar of Building Societies under the Building Societies Acts, 1976 to 1986, shall be transferred to and dealt with by the Central Bank under this Act.

(2) The Registrar shall, on the commencement of this section, to such extent as may be required by the Central Bank, transfer all documents and records relative to building societies in the possession of his office to the Bank.